If you are constructing a new building or renovating an existing building, you may be eligible for the following programs:

Business Incentive Rate (BIR)
Commercial Expansion Program (CEP)
Empire Zone Credits
Empowerment Zone Benefits
Energy Cost Savings Program (ECSP)
Film Tax Credit
IDA Programs
Industrial and Commercial Incentive Program (ICIP)
Industrial Effectiveness Program (IEP)
Lower Manhattan Programs
Manufacturing Assistance Program (MAP)
NYSERDA Programs
New York State Green Building Tax Credit
North Brooklyn Energy Grant Program
Qualified Emerging Technology Company Tax Credits
Relocation and Employment Assistance Program (REAP)
Sales Tax Exemption for Manufacturers
Small Business Administration (SBA) 504 & 7(a) Loan Programs

Business Incentive Rate (BIR)
What it is: Additional reduction on regulated electric costs by 30%-35% for a term of five years
When to apply: Within 30 days of receiving a matching benefit
Who is eligible: Businesses that increase employees or take space in previously vacant commercial/industrial buildings, move into newly constructed buildings, or meet other economic development criteria and receive a matching benefit
Which agency: Administered jointly by New York City Economic Development Corporation (EDC) and Con Edison
To apply

Commercial Expansion Program (CEP)
What it is: Rent abatement up to $2.50 per square foot
When to apply: Within 180 days of lease commencement
Who is eligible: Commercial and manufacturing businesses, retail business are ineligible
Which agency: New York City Department of Finance (DOF)
To apply

Empire Zone Credit for Real Property Tax
What it is: Refundable business tax credit based on real property taxes for Qualified Empire Zone Enterprises (QEZE)
When to apply: Annually for 10 years
Who is eligible: Qualified Empire Zone Enterprises (QEZE)
Which agency: New York State Department of Taxation and Finance
To apply: Please contact your local Empire Zone Coordinator

Empire Zone Sales Tax Refund/Credit
What it is: Refund or credit of New York State sales taxes on building materials for Zone businesses, additional sales tax benefits available for qualified Zone businesses
When to apply: Annually for 10 years
Who is eligible: Empire Zone businesses operating in Empire Zone
Which agency: New York State Department of Taxation and Finance
To apply: Please contact your local Empire Zone Coordinator

Empowerment Zone Benefits
What it is: Package of tax credits, accelerated depreciation, wage tax credit and various loan and work opportunity programs for businesses located within the zone
When to apply: Generally within tax year
Who is eligible: Retail, commercial and industrial businesses located in zone
Which agency: Upper Manhattan Empowerment Zone (UMEZ) or Bronx Overall Economic Development Corporation (BOEDC)
For additional information: If you are located in Upper Manhattan, please contact the Upper Manhattan Empowerment Zone Office
If you are located in the Bronx, please contact Bronx Overall Economic Development Corporation

Energy Cost Savings Program (ECSP)
What it is: Up to 45% or 35% savings on regulated electric and natural gas costs respectively
When to apply: If relocating: prior to signing lease/contract of sale; or within 120 days of moving into a Special Eligible Premises
If renovating: Generally prior to issuance of building permit
Who is eligible: Manufacturing and commercial businesses, excluding retail business and hotels
Which agency: New York City Department of Small Business Services (SBS)
To apply
Related Programs: BIR, Sales Tax Exemption for Manufacturers, Green Building Tax Credit
Access NYSERDA for a broader portfolio of benefits

IDA Industrial Incentive Program for Developers
What it is: Assistance for developers seeking to acquire, construct or renovate facilities located within Empire Zones or Empowerment Zones that will be leased by manufacturing, industrial, and warehouse/distribution businesses
When to apply: Generally prior to entering into facility lease or renovation contract unless contingent upon NYCIDA assistance
Who is eligible: Manufacturing, industrial, and warehouse/distribution businesses
Which agency: New York City Economic Development Corporation (EDC)
To apply

IDA Manufacturing Facilities Bond Program
What it is: Assistance for manufacturers seeking to acquire, construct, renovate or equip facilities
When to apply: Generally prior to entering into a contract for work or purchase agreement
Who is eligible: Manufacturing, industrial and warehouse/distribution businesses
Which agency: New York City Economic Development Corporation (EDC)
To apply

IDA Small Industry Incentive and Industrial Incentive Programs
What it is: Assistance for manufacturers, distributors, warehouses and other industrial companies seeking to enter into long-term lease agreements and plan to renovate space
When to apply: Generally prior to entering into a contract for work or purchase agreement
Who is eligible: Manufacturing, industrial, warehouse/distribution businesses
Which agency: New York City Economic Development Corporation (EDC)
To apply

Industrial and Commercial Incentive Program (ICIP)
What it is: Property Tax abatement and/or exemption for renovation or construction
When to apply: Prior to building permit or renovation
Who is eligible: Industrial, commercial, and retail businesses
Which agency: New York City Department of Finance (DOF)
To apply for preliminary application
To apply for final application

Industrial Effectiveness Program (IEP)
What it is: Grants up to $50,000 to small and medium sized manufacturers for productivity improvement projects
When to apply: Prior to initiating project
Who is eligible: Qualified manufacturers
Which agency: Empire State Development Corporation
To apply: Contact Isaac Joseph Elliston, (212) 803-2317

Lower Manhattan Commercial Revitalization Program (LMCRP) and Commercial Rent Tax (CRT) Reduction
What it is: Rent abatement up to $2.50 per square foot of leased space, plus a commercial rent tax reduction
When to apply: Within 180 days of lease commencement
Who is eligible: Commercial office tenants and retail businesses
Which agency: New York City Department of Finance (DOF)
To apply

Lower Manhattan Energy Program (LMEP)
What it is: Up to 45% reduction on regulated electric costs for commercial tenants and common space in qualified buildings within Lower Manhattan
When to apply: The building applies prior to issuance of building permit for renovation
Who is eligible: Qualified building owner and their commercial office tenants (non-retail)
Click here to see which buildings already receive LMEP benefits
Which agency: NYC Dept. of Small Business Services (SBS)
For pre-screening: Call 311 and ask for Department of Small Business Services, Business Incentives Unit to pres-creen for eligibility

Manufacturing Assistance Program (MAP)
What it is: Grants up to $1 million to manufacturers employing 50-1,000 people, exporting 30% of production out of the region and investing $1 million in eligible project
When to apply: Prior to initiating project
Who is eligible: Qualified manufacturers
Which agency: Empire State Development Corporation
To apply: Contact Joseph Tazewell, (212) 803-3614

New York State Energy Research and Development Authority (NYSERDA)
What it is: Public benefit corporation focused on research and development, allocating funds towards energy efficiency programs
When to apply: Generally, prior to initiating project
Who is eligible: Must meet eligibility criteria for each program
Which agency: New York State Energy Research and Development Authority (NYSERDA)
Programs: Enhanced Commercial/Industrial Performance Program, Technical Assistance Program, New York Energy Smart Loan Program, Solar Electric Incentive Program
Access NYSERDA for a broader portfolio of benefits

NYSERDA's Flexible Technical Assistance Program (FlexTech)
What it is: New York State sponsored program which provides low-cost, energy audits and technical feasibility studies for a business’ operation facility
When to apply: A business can apply at anytime during the calendar year
Who is eligible: Commercial customers with annual electric utility bills less than $75,000
Which agency: New York State Energy Research and Development Authority (NYSERDA)
Application process

NYSERDA's New Construction Program (NCP)
What it is: A New York State sponsored program which promotes the energy-efficiency measures into the design, construction, and operation of new and renovated buildings
When to apply: Applications accepted through March 31, 2008
Who is eligible: Certified Customers of Con Edison of New York
Which agency: New York State Energy Research and Development Authority (NYSERDA)

New York State Green Building Tax Credit
What it is: A New York State tax credit available to owners and tenants of eligible buildings and tenant spaces which meet certain "green" standards that increase energy efficiency, improve indoor air quality, and reduce the environmental impacts of large commercial and residential buildings in New York State
When to apply: Within the tax year of investment
Who is eligible: All Building Property Owners and tenants making qualified “green investments” into the property
Which agency: New York State Department of Environmental Conservation (DEC)
To apply: Instructions and Form

North Brooklyn Energy Grant Program
What it is: A program to help manufacturing companies reduce and stabilize energy costs through the use of simple, inexpensive energy conservation measures
When to apply: After a manufacturing business completes a qualified energy conservation project
Who is eligible: A manufacturing business located in Community/District 1 in North Brooklyn
Which agency: The New York Industrial Retention Network (NYIRN)
To apply

Qualified Emerging Technology Company (QETC) Capital Tax Credit
What it is: A New York State capital tax credit designed to encourage investment in emerging technology companies
When to apply: The tax year of the qualified investment made in a New York State certified Qualified Emerging Technology company
Who is eligible: A New York State taxpayer that makes a qualified investment in a New York State certified qualified emerging technology company
Which agency: New York State Department of Taxation and Finance
To apply: Instructions and Form
To be QETC Certified: Instructions and Form

Qualified Emerging Technology Company (QETC) Employment Tax Credits
What it is: A New York State employment credit designed to encourage the creation of jobs by emerging technology companies
When to apply: Within the tax year of investment. The credit can also be claimed for three consecutive years
Who is eligible: A qualified technology company subject to tax under Article 9-A of the Tax Law and demonstrates employment growth
Which agency: New York State Department of Taxation and Finance
To apply for credit: Instructions and Form

Qualified Emerging Technology Company (QETC) for Facilities, Operations, and Training Credit
What it is: A New York State tax credit to qualified emerging technology companies, up to $250,000 annually for at least four (4) years, for research and development, qualified research expenses, and high technology training
When to apply: Generally claimed for the tax year when the eligible expenses were incurred. The benefits can be claimed for four (4) consecutive years (five years if relocating from an academic incubator facility) and is fully refundable
Who is eligible: A qualified technology company subject to tax under Article 9-A or Article 22, have 100 full-time employees or less, with at least 75% employed in New York State, have ratio of research and development funds to net sales which equals or exceeds 6%, and have gross revenues less than $20 million for the preceding year
Which agency: New York State Department of Taxation and Finance
To apply: Instructions and Form
Related Links:  BioNY/QETC; NYSTAR Tax Incentives 

Relocation and Employment Assistance Program (REAP)
What it is: Relocation tax credit up to $3,000 per employee for 12 years
When to apply: Annually for 12 years
Who is eligible: Commercial/industrial businesses excluding retail and hotels relocating into targeted areas of the city
Which agency: New York City Department of Finance (DOF)
To apply

Sales Tax Exemption for Manufacturers
What it is: Tax credit on NYC and NYS sale taxes paid on energy used in production
When to apply: During year energy used and retroactive for three years, must have a valid Certificate of Authority (DTF-17) and required to file form ST-121. To reclaim exemptions on sales taxes paid for three years use form AU-11
Who is eligible: Manufacturing businesses
Which agency: New York State Department of Taxation and Finance
Apply here: DTF-17 Instructions, DTF-17 Form, ST-121 Form, and AU-11 Form

Small Business Administration (SBA) 504 Loan Program
What it is: Provides businesses with long-term, fixed-rate loans for fixed assets, such as land and building. The SBA works with Certified Development Companies (CDCs) and private lenders to provide the loans to small businesses. The private lender takes a senior position for up to 50% of the project cost, the CDC takes a junior position for up to 40% of the cost, and the borrower takes 10%. The maximum SBA portion is $1.5 million when meeting job or other development goals and can increase up to $2 million if approved by the SBA. A business must create or retain one job for every $50,000 provided by the SBA. "Small Manufacturers" have a $100,000 job creation/retention goal.
When to apply: Prior to initiating project
Who is eligible: A business must be for-profit and meet SBA size requirements. Under the program, a business qualifies as small if: 1) it's net worth does not exceed $7.5 million; and 2) it's average net income does not exceed $2.5 million after taxes for the preceeding two years
Which agency: Small Business Administration (SBA) Lenders
For more information: Regional SBA Program Office
Example of how it works with other programs: proforma

Small Business Administration (SBA) 7(a) Loan Program
What it is: All 7(a) loans are provided by participating lenders who receive a guaranty from SBA on a portion of the loan. The SBA does not fully guaranty 7(a) loans. The risk is shared between the lender and SBA. Commercial lenders make and administer the loan and the business applies to the lender for financing. Under this program, the borrower remains obligated for the full amount due. The SBA offers a variety of 7(a) financing vehicles including the Patriot Express, SBA Express and Community Expess Programs, each with its specific eligibility criteria.
When to apply: Prior to investment, purchase or initiating project
Who is eligible: Eligibility criteria are designed to be broad to accommodate a diverse range of business needs. Must be a for-profit business, meet SBA size standards, demonstrate ability to repay and not have existing internal resources of financing.
Which agency: Small Business Administration (SBA) Lenders
For more information: Regional SBA Program Office
Example of how it works with other programs: proforma